Business Diary: Show your support for the Macquarie One
Friday 05 February 2010
Earlier this week, we reported on David Kiely, the hapless Macquarie Bank trader caught opening a naughty email live on Australian TV. Now a viral campaign to save Mr Kiely's job has begun, with friends saying he was set up by a colleague. You can join in by sending an email to
email@example.com. Just put "Don't fire David Kiely" in the subject bar.
A cold wind blows through the grocers
Not a good start to the new friendly relationship between supermarkets and their suppliers. As a code of governance for the grocers went live yesterday, Malcolm Walker, the chief executive of Iceland, sounded off about the rules, pledging to "do the bare minimum to comply". The Forum of Private Business slammed his intervention as "unacceptable". So much for entente cordiale.
The geek who said goodbye in verse
Sun Microsystems boss Jonathan Schwartz is quitting the firm now it has been taken over by Oracle. But which is more embarrassing – that Schwartz announced his departure on Twitter, or that he chose to break the news in haiku form? "Financial crisis/Stalled too many customers/ CEO no more," he told followers.
Conservative business coup backfires
Securing the support of leading business figures for a new package of economic policies looked to be a winner for the Conservatives. But the initial embarrassment of Lord Stern very publicly distancing himself from suggestions he was becoming an adviser to the party – before the idea had even been formally announced – has now been compounded by a complaint from Andrew Witty. The GSK chief's name was on the list of business leaders the Tories listed as backing them, but Witty insisted yesterday that while he likes aspects of the policies announced, that should not be seen as support for the party itself – the impression that shadow ministers have been trying to give.
The world's biggest car company breaks down
So Toyota turns out to have been an acronym then: Turning off your option to accelerate.
Number of the day: 28 per cent
The increase in demand for the help of Government-backed debt advice services last year.
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Japanese island overrun with cats after population explodes
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